Powell Industries swings to profit on sales growth

LONDON (MarketWatch) -- Powell Industries
POWL, +0.56%
said it swung to a first-quarter profit of $1.1 million, or 10 cents a share, with revenue up 76% to $83.8 million. The Houston, Tex.-based electrical energy equipment maker expects second-quarter earnings between 8 cents and 12 cents a share and 2006 earnings between 45 cents and 55 cents a share, including stock option expenses. Revenue is expected to be between $300 million and $325 million.

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